Cornelio Ash | WILLIAM O'NEIL+CO

U.S. Market Update + Watch List Ideas

Posted on June 5, 2019June 5, 2019 by Cornelio Ash

Key points:

The U.S. market is in a Downtrend. We are now two days off the most recent low, looking for a follow-through day as early as Friday, June 7.

Scenario analysis:

Shallow correction of 8–10%. First follow-through day works. Undercut the 200-DMA before finding a bottom. Historical examples: 6/2012, 12/2012.

Deeper correction of 10% or more. First follow-through day fails, second follow-through day works. Historical examples: 10/15/98, 1/4/19.

Bear market. First and second follow-through days fail. Historical examples: 2007 top, 1982 top.

Watch list ideas: DOCU, GH, GSHD, INSP, PODD, TTEK

Early-stage bases.

Strong RS lines as market corrects.

Strong/steady revenue growth.

Global Laggards

Posted on May 30, 2019May 30, 2019 by Cornelio Ash

Highlighted Charts

U.S.: Buenaventura ( BVN ), Rockwell Automation ( ROK ), Whirlpool Corp ( WHR ), Peabody Energy Corp. ( BTU ), Unum Group ( UNM ), HCA Healthcare Inc ( HCA ), Walgreens Boots Alliance ( WBA ), Sally Beauty Holdings ( SBH ), Cirrus Logic ( CRUS ), Amphenol Corp ( APH ), Bottomline Technologies ( EPAY ), Bilibili Inc ( BILI ).

Developed: Brenntag ( BNRX.DE; BNR GR ), Sojitz ( NIIW.JP; 2768 JP ), Iss ( ISS.DK; ISS DC ), Peugeot ( PGT.FR; UG FP ), Yamaha Corp ( IN@N.JP; 7951 JP ), Oil Search ( OSH.AU; OSH AU ), Tokyo Tatemono ( JQ@N.JP; 8804 JP ), Alfresa Holdings ( ALCH.JP; 2784 JP ), Koninklijke Ahlod ( AD.NL; AD NA ), Morrison ( MRW.GB; MRW LN ), Seiko Epson ( SEEP.JP;6724 JP ), Deutsche Post ( DPWX.DE; DPW GR ).

Emerging: Lg Chem Ltd ( LCM.KR; 051910 KS ), Ase Technology ( AIH.TW; 3711 TW ).

May 30, 2019 – Market Condition Outlook and Watch List Ideas

Posted on May 30, 2019May 30, 2019 by Cornelio Ash

With the market downgraded to a Downtrend this month, our analysts at William O’Neil + Co. are watching the market for signals that would indicate a change in trend. In this special two-part webinar series, William O’Neil + Co. Equity Analysts Raj Gupta and Cornelio Ash will go over what to look for in order to upgrade the market back to a Confirmed Uptrend. They will review historical examples of successful and failed follow-through days and how to apply that knowledge in today’s marketplace. They will also go over watch list ideas from the Technology and Health Care sectors that they strongly believe should be on your radar.

U.S. Market Update + Watch List Ideas

Posted on May 29, 2019May 29, 2019 by Cornelio Ash

Key points:

The U.S. market is in a Downtrend. We will remain cautious until the S&P 500 or Nasdaq stages a follow-through day.

Scenario analysis:

Shallow correction of 8–10%. Undercut the 200-DMA before finding a bottom. Historical examples: 6/2014, 12/2014.

Deeper correction of 10% or more. Since 1970: Median days before low: 63. Median % off highs: 11%.

Watch List ideas: ALTR, AVLR, HAE, SMAR, TNDM

Early-stage bases.

Strong RS lines as market corrects.

Strong/steady revenue growth.

Global Laggards

Posted on May 23, 2019May 24, 2019 by Cornelio Ash

Highlighted Charts

U.S.: Allegheny Technologies ( ATI ), Magna International ( MGA ), Carters Inc ( CRI ), Peabody Energy ( BTU ), East West Bancorp ( EWBC ), Universal Health Svcs B ( UHS ), Grainger ( GWW ), Kroger ( KR ), Ambarella ( AMBA ), BOX ( BOX ), Knight-Swift Transportation Hldg ( KNX ).

Developed: Nippon Steel & Sumitomo Metal ( NSSM.JP; 5401 JP ), Fanuc ( DU@N.JP; 6954 JP ), Smc ( SMCC.JP; 6273 JP ), Toyota Industries ( TYAL.JP; 6201 JP ), Hengan International Group ( HENG.HK; 1044 HK ), Total ( TAL.FR; FP FP ), Bbv Argentina ( BBVA.ES; BBVA SM ), Shionogi ( SQ@N.JP; 4507 JP ), Morrison ( MRW.GB; MRW LN ), Koninklijke Ahlod ( AD.NL; AD NA ), Disco ( DISC.JP; 6146 JP ), Capcom ( CAPO.JP; 9697 JP ), Mitsui Osk Lines ( MO@N.JP; 9104 JP ).

Emerging: Lg Chem ( LCM.KR; 051910 KS ), Samsung Heavy Industries ( SMH.KR; 010140 KS ), CVC Brazil ( CVC.BR; CVCB3 BZ ), Saci Falabella ( FAL.CL; FALAB CI ), SK Hynix ( HYI.KR; 000660 KS ).

Global Laggards

Posted on May 16, 2019May 16, 2019 by Cornelio Ash

Highlighted Charts

U.S.: Cameco Corporation ( CCJ ), Sketchers USA ( SKX ), Patterson-Uti Energy Inc. ( PTEN ), Signature Bank ( SBNY ), Cardinal Health ( CAH ), Grainger W W Inc ( GWW ), Tiffany & Co ( TIF ), IPG Photonics ( IPGP ), Logmein ( LOGM ), Redfin Corporation ( RDFN ), Knight-Swift Transportation Holding ( KNX ).

Developed: Mineral Resources ( MIN.AU; MIN AU ), Kyowa Exeo ( KYEX.JP; 1951 JP ), Bridgestone ( BR@N.JP; 5108: JP ), Teijin ( TJ@N.JP; 3401 JP ), Oil Search ( OSH.AU; OSH AU ), Tokyo Tatemono ( JQ@N.JP; 8804 JP ), Santen Pharmaceutical Ltd ( XY@N.JP; 4536:JP ), Seven & I ( SEVI.JP; 3382 JP ), Brother Industries ( BI@N.JP; 6448 JP ), Ntt Data ( COMM.JP; 9613 JP ), Deutsche Lufthansa ( LHAX.DE; LHA GR ).

Emerging: Siam Commercial Bank ( SBBT.TH; SCB TB ), Bim Birlesik Magazalar ( BMI.TR; BIMAS TI ), Companhia Brasileira De Distribuicao ( CU4.BR; PCAR4 BZ ), KT Corporation ( KTL.KR; 030200: KS ).

Global Laggards

Posted on May 9, 2019May 9, 2019 by Cornelio Ash

Highlighted Charts

U.S.: Cameco Corporation ( CCJ ), Owens Illinois ( OI ), Aramark ( ARMK ), Goodyear Tire & Rubber ( GT ), Sabre Corporation ( SABR ), Equinor ASA ( EQNR ), Bank of New York Mellon ( BK ), Grifols Sa ( GRFS ), Urban Outfitters ( URBN ), Companhia Brasileira ( CBD ), Littelfuse ( LFUS ), Werner Enterprises Inc ( WERN )

Developed: Solvay ( SOL.BE; SOLB BB ), Sojitz ( NIIW.JP; 2768 JP ), Suntory beverages and Food ( SBFL.JP; 2587 JP ), Caltex Australia ( CTX.AU; CTX AU ), Aeon Mall ( AEMA.JP; 8905 JP ), Shanghai Fosun Pharmaceutical ( SFPG.HK; 2196 HK ), Koninklijke Ahold Delhaize ( AD.NL; AD NA ), Aeon ( JT@N.JP; 8267 JP ), Canon ( CN@N.JP; 7751 JP ), China Communication Services ( CHCM.HK; 552 HK ), Computershare ( CPU.AU; CPU AU ), Deutsche Lufthansa ( LHAX.DE; LHA GR )

Emerging: Britannia India ( BRI.IN; BRIT IN ), Cathay Financial Holdings ( CFC.TW; 2882 TT ), Shoprite ( SHPJ.ZA; SHP SJ ), AU Optronics ( ADT.TW; 2409 TT )

Global Laggards

Posted on May 2, 2019May 3, 2019 by Cornelio Ash

Highlighted Charts

U.S.: Cameco ( CCJ ), Three M Company ( MMM ), Autoliv Inc ( ALV ), MGM Resorts ( MGM ), Phillips 66 ( PSX ), Commerce Bancshares ( CBSH ), Unitedhealth ( UNH ), Nordstrom ( JWN ), Target ( TGT ), Sally Beauty Holdings ( SBH ), Kemet ( KEM ), Teladoc Health ( TDOC ), Werner Enterprises ( WERN )

Developed: South32 ( S32.AU; S32 AU ), Taisei ( TC@N.JP; 1801 JP ), Stanley Electric ( STAN.JP; 6923 JP ), Boss ( BOSS.DE; BOSS GR ), Suncor Energy ( SU.CA; SU CN ), Platinum Asset Management ( PTM.AU; PTM AU ), Orion B ( ORNB.FI; ORNBV FH ), Aeon ( JT@N.JP; 8267 JP ), Dena ( DENA.JP;2432 JP ), NextDC ( NXT.AU; NXT AU ), Japan Airlines ( APL.JP; 9201 JP )

Emerging: GS Engineering & Construction ( LCV.KR; 006360 KS ), Samsung C&T ( CLZ.KR; 028260 KS ), Plknc Naftowy Orlen ( PLK.PL; PKN PW ), Hana Financial ( HFH.KR; 086790 KS )

Global Laggards

Posted on April 25, 2019April 26, 2019 by Cornelio Ash

Highlighted Charts

U.S.: Albemarle corporation ( ALB ), China Mobile Ltd ADR ( CHL ), Harley Davidson ( HOG ), Marathon Petroleum ( MPC ), Amer Equity Investment Life ( AEL ), Davita Healthcare ( DVA ), Nordstrom Inc ( JWN ), HP ( HPQ ), Allscripts Hlthcare Sol ( MDRX ), Copa Holdings SA ( CPA ), TripAdvisor ( TRIP ).

Developed: Evolution Mining (EVN.AU; EVN AU), Zhuzhou Crrc Times Electric (ZCSR.HK; 3898 HK), Nissan Motor (NR@N.JP; 7201 JP), Kikkoman (KN@N.JP; 2801 JP), Tokyo Fudosan Holdings (TFUD.JP; 3289 JP), Shionogi (SQ@N.JP; 4507 JP), Koninklijke Ahold Delhaize (AD.NL; AD NA), Canon (CN@N.JP; 7751 JP), DENA (DENA.JP; 2432 JP).

Emerging: Indorama Ventures (INVX.TH; IVL TB), Hindalco Industries (HDI.IN; HNDL IN), Dabur India (DAB.IN; DABUR IN), Irpc (TPI.TH; IRPC TB), Central Pattana (CPN.TH; CPN TB), Bim Birlesik Magazalar (BMI.TR; BIMAS TI).

Global Laggards

Posted on April 18, 2019April 18, 2019 by Cornelio Ash

Highlighted Charts

U.S.: Albemarle ( ALB ), Three D Systems ( DDD ), KT Corp ( KT ), Trip Advisor ( TRIP ), Peabody Energy Corporation ( BTU ), Hope Bancorp ( HOPE ), Addus ( ADUS ), National Vision ( EYE ), Sprouts Farmers Market ( SFM ), HP ( HPQ ), Take Two ( TTWO )

Developed: Svenska Cellulosa Aktiebolaget Sca ( SW@G.SE; SCAB SS ), Dentsu ( DENN.JP; 4324 JP ), Ajionomoto ( AJ@N.JP; 2802 JP ), Caltex Australia ( CTX.AU; CTX AU ), Shizuoka Bank ( ZB@N.JP; 8355 JP ), Swedish Orphan Biovitrum ( SOBI.SE; SOBI SS ), Aeon ( JT@N.JP; 8267 JP ), Marubeni ( MRBU.JP; 8002 JP ), DENA ( DENA.JP; 2432 JP ), Yamato ( OJ@N.JP; 9064 JP )

Emerging: Suzano On ( SUZ.BR; SUZB3 BZ ), Tenaga Nasional ( TENN.MY; TNB MK ), Lojas Americanas ( LM4.BR; LAME4 BZ )